Evanston’s City Council tonight is scheduled to shift more federal funds into its planned neighborhood stabilization project.

The city received an $18 million federal grant in December for the stabilization program which is designed to rehabilitate 100 foreclosed homes in two Evanston census tracts.

Evanston’s City Council tonight is scheduled to shift more federal funds into its planned neighborhood stabilization project.

The city received an $18 million federal grant in December for the stabilization program which is designed to rehabilitate 100 foreclosed homes in two Evanston census tracts.

Tonight the aldermen are expected to approve awarding $600,000 in federal HOME funds to Brinshore Development LLC, the city’s partner in the neighborhood stabilization program grant.

The $600,000 is part of an allocation of HOME program funds made in 2008 that the federal Department of Housing and Urban Development has set a deadline of the end of this month for the city to commit to a project or risk losing the money.

City officials say that with the collapse of the housing and credit markets beginning in 2008 there were fewer opportunities to develop affordable and market-rate housing. As a result the city received fewer requests to use the HOME fund allocation than had been expected.

Over several years the city had received nearly $7 million in HOME funds that needed to be allocated by the end of this month. All but the $600,000 had previously been committed to a variety of projects.

Bill Smith is the editor and publisher of Evanston Now.

Join the Conversation

4 Comments

  1. Evanston – the affordable housing mecca of the Midwest
    Let’s see.

    Does $18 million to buy and rehabilitate 100 foreclosed properties and sell or rent them back ONLY to low income people sound like an effective use of taxpayer’s money?

    Afterall, the city’s grant application stated that the primary reason for the number of foreclosed properties in these two neighborhoods were subprime loans given to people WHO COULD NOT AFFORD TO BUY!!!!

    On top of that, almost another $7 million of taxpayer money was used for affordable housing programs. Also, include all the city affordable mandates from developers building new condos, and by golly, there’s a heck of a lot of money going to affordable housing in Evanston.

    Meanwhile, five affordable housing projects just went bust and the city bailed them out.

    I really loved it when Democrats Dick Durbin and Jan Schakowsky came to town, touting the $18 million stimulus grant. Durbin and Schakowsky went to a home, claiming the homeowner was unable to sell her home because of the market. The little fact they forgot to mention is that the homeowner NEVER put her home on the market.

    Yep, that’s our politicians hard at work with OUR MONEY!!!!

    The waste and fiscal mismanagement of our city, county, state and federal politicians just keeps rolling on…

    1. Yep, that’s our politicians
      Yep, that’s our politicians hard at work with OUR MONEY!!!!
      The waste and fiscal mismanagement of our city, county, state and federal politicians just keeps rolling on…

      Al, your complaints are getting a little tiresome.

      You need to stop being so negative.

      In the last 14 months, the NIMBYs have been defeated on the tower issue, we have made progress on shutting down the wasteful branch libraries, the primary election brought about the defeat of the Toddler and the President of the CSNA. The Stimulus is having its effect and the economy has stabilized, and best of all….
      we have the first meaningful health care reform in forty-five years!

      Yes, there have been some minor setbacks (like the way that Council gave Art Newman a fee waiver)…but things are getting better.

      So Al, turn the frown upside down! Happy days are here again!

  2. Happy days are here!
    Mr. Who Knows What? is on his NIMBY jag again. Probably from all the hopium he has been consuming.

    A few comments. The economy has defeated the tower, which reveals the poor financial basis underlying that project. Stimulus has done nothing for jobs, which will be stagnant for years, except for governmental jobs with their “meager” unpaid for pensions. As for the health care reform, let us call it by its proper name, health insurance dithering. Its full impact will be felt after the 2012 elections. (BTW know of any spare doctors around?)

    As Lily Tomlin said: “I try to be cynical, but it is so hard to keep up.”

    Have another hopium.

  3. Give that money to Brinshore, fast!!!
    Lord knows we don’t want to lose our opportunity to get free government money (which grows on trees), so we need to act fast and give that cash to Brinshore Development LLC right away.

    In fact, just to make sure we don’t compromise our chances at getting further Federal Porkbarrel funding (which doesn’t cost anybody anything because the money comes from China or something), we should take whatever money we have left in the City of Evanston General Fund and give that over to Brinshore Development LLC as well.

    There’s no time for questions, this is an emergency, just get the money to Brinshore now!!!

Leave a comment
The goal of our comment policy is to make the comments section a vibrant yet civil space. Treat each other with respect — even the people you disagree with. Whenever possible, provide links to credible documentary evidence to back up your factual claims.

Your email address will not be published.